machine learningRSS

Mexico-based MIT taps Featurespace for payments fraud prevention

Fraud will not pass

Machine learning continues to take centre stage in fraud prevention for the payments industry. Mexico-based payments processor Mercadotecnia Ideas y Tecnologia (Marketing, Ideas and Technology – MIT) has partnered with UK-based Featurespace to help its 17,000 merchants prevent payments fraud.

Mastercard buys in to AI with Brighterion

Mastercard

Mastercard has entered into an agreement to acquire Brighterion, a software company specialising in artificial intelligence (AI), reports Banking Technology‘s sister publication Paybefore. This acquisition follows Mastercard’s March acquisition of NuData Security and will further expand Mastercard’s capabilities to “deliver an enhanced customer experience and security”. Brighterion’s portfolio of AI and machine learning technologies provide real-time […]

Flybits raises $6.5m to help banks put data to work

Flybits 1

Consumer data contextualisation company Flybits pulled in $6.5 million this week, bringing the Toronto-based firm’s total funds to $14 million, reports Finovate (Banking Technology’s sister company). The Series B funding was led by Information Venture Partners. New investor Portag3 Ventures LP also participated along with existing investors Robert Bosch Venture and Trellis Capital. As a part […]

Ephesoft earns $15m investment from Mercato Partners

Ephesoft 1

Document capture and data analytics company Ephesoft landed $15 million in Series A funding from Mercato Partners. This marks the company’s first round of funding since it was founded in 2010, reports Finovate (Banking Technology’s sister company). “Mercato’s investment will help Ephesoft realise its vision of liberating meaning through machine learning technology,” says Ike Kavas, Ephesoft’s founder. […]

Nvidia jumps in at the deep end with Baidu AI partnership

Baidu 1

If Nvidia is looking to make a splash in the world of artificial intelligence (AI) it’s going about it in the right way, announcing a partnership with Baidu, one of the world’s largest internet companies. Banking Technology‘s sister publication Telecoms.com reports that cracking the Chinese market is an ambition which almost every technology company around the […]

Co-bots, not robots: the next big step for AI in insurance

Robot

Many have proclaimed that 2017 will be “the year of artificial intelligence (AI)”, with a 300% increase in investment in its technologies predicted compared with 2016. Start-ups with AI at the core of their business in particular will be looking to benefit from this surge in investment capital, as they did last year when 550 raised $5 billion in funding.

Mobey Day Toronto: Machines of loving grace

Mobey Day - day two 1

Don’t rage against the machine, just embrace its potential and look at the real world applications. The world of machine learning (ML) came under the spotlight on day two of Mobey Day in the great city of Toronto. At yesterday’s (8 December) sessions at the Four Seasons Hotel, about 300 delegates enjoyed panels and presentations […]

Artificial intelligence is fact, not fantasy!

Parth Desai, Pelican

Parth Desai, CEO and founder of Pelican, discusses why artificial intelligence (AI) is already fact not a fantasy, but cautions that we need to be realistic about what can really be achieved on the journey to true AI adoption in transaction banking and payments.

Optimal execution and the human-machine interface

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In recent years we have seen a strong trend for institutional trading desks to leverage their data to improve trade execution results and become more recognised as active participants in portfolio performance. Two important applications of predictive analytics have arisen, both aiming to improve the manner in which trading algorithms are used and controlled. It […]

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